Honeywell reports Q3 adjusted EPS $2.58, consensus $2.50

Reports Q3 revenue $9.73B, consensus $9.9B. “Honeywell (HON) executed through a challenging environment in the third quarter, delivering segment margin and adjusted earnings per share1 above the high end of our guidance,” said Vimal Kapur, chairman and chief executive officer of Honeywell. “Our Accelerator operating system and culture of execution enabled us to grow segment profit1 by 6% in spite of transitory sales headwinds. We continue to see healthy order rates and sequential growth in our backlog, even excluding the impact of acquisitions closed in the quarter, giving us confidence in our ability to achieve our long-term targets. We also further advanced on our capital deployment strategy, deploying $3.1 billion to M&A, dividends, and high-return capex.”